Algeco Scotsman Announces Appointment of Brad Soultz as President - North America Operations

BALTIMORE, MD--(Marketwired - Jan 23, 2014) - Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, "Algeco Scotsman"), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that Mr. Brad Soultz was appointed President - North America Operations of Algeco Scotsman, which includes U.S. and Canadian operations, effective as of January 13, 2014. Mr. Soultz succeeds Joseph Vecchiolla who resigned as President - U.S. Operations effective as of January 10, 2014, to pursue other opportunities.

Jean-Marc Germain, President and Chief Executive Officer of Algeco Scotsman, commented, "We thank Joe for his dedicated service and many contributions to our company. As we embark on our next phase of development, I am delighted to welcome Brad as our new head of North American operations. Brad brings a wealth of experience that will be very valuable to Algeco Scotsman."

Mr. Soultz was most recently Chief Commercial and Strategy Officer of Novelis Inc., a global leader in aluminium recycling and rolled products. He joined Novelis in 2005 following its spin-off from Alcan Inc., primarily serving as Vice President and General Manager of various business units in Europe and North America. Mr. Soultz started his career with Cummins Inc. where he held various positions in product development, sales, strategy and procurement in North America, and as the Director - Global Procurement based in the Czech Republic. Mr. Soultz holds a B.S. in Agricultural Engineering from Purdue University.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman's expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management's current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.